VECHAIN - VET/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	VETUSD
ISIN:

VECHAIN - VET/USD - Daily - Technical analysis published on 04/12/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.111360 USD

My targets

0.134930 USD (+5.25%)

0.170860 USD (+33.28%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VECHAIN - VET/USD as long as the price remains well above 0.111360 USD. The buyers” bullish objective is set at 0.134930 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.170860 USD. If there is any crossing, the next objective would be the resistance located at 2.290000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The VECHAIN - VET/USD price is 0.128200 USD. The price is lower by -8.10% since the last closing and was traded between 0.127200 USD and 0.140300 USD over the period. The price is currently at +0.79% from its lowest and -8.62% from its highest.

0.127200

0.140300

0.128200

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of VECHAIN - VET/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.039100	0.054997	0.093600	0.128200	2.290000
Change (%)	-69.50%	-57.10%	-26.99%	-	+1,686.27%
Change	-0.089100	-0.073203	-0.034600	-	+2.161800
Level	Minor	Minor	Major	-	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.117167	0.123833	0.131667	0.138333	0.146167	0.152833	0.160667
Camarilla	0.135513	0.136842	0.138171	0.139500	0.140829	0.142158	0.143488
Woodie	0.117750	0.124125	0.132250	0.138625	0.146750	0.153125	0.161250
Fibonacci	0.123833	0.129372	0.132794	0.138333	0.143872	0.147294	0.152833

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.043650	0.065420	0.103860	0.125630	0.164070	0.185840	0.224280
Camarilla	0.125742	0.131262	0.136781	0.142300	0.147819	0.153339	0.158858
Woodie	0.051985	0.069588	0.112195	0.129798	0.172405	0.190008	0.232615
Fibonacci	0.065420	0.088420	0.102630	0.125630	0.148630	0.162840	0.185840

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.007640	0.015930	0.051860	0.075430	0.111360	0.134930	0.170860
Camarilla	0.071428	0.076882	0.082336	0.087790	0.093244	0.098698	0.104153
Woodie	-0.001460	0.019020	0.058040	0.078520	0.117540	0.138020	0.177040
Fibonacci	0.015930	0.038659	0.052701	0.075430	0.098159	0.112201	0.134930

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.90
MACD (12,26,9):	0.0156
Directional Movement:	31.402787
AROON (14):	71.428573
DEMA (21):	0.125915
Parabolic SAR (0,02-0,02-0,2):	0.108881
Elder Ray (13):	0.020457
Super Trend (3,10):	0.098771
Zig ZAG (10):	0.131500
VORTEX (21):	1.1958
Stochastique (14,3,5):	84.85
TEMA (21):	0.131940
Williams %R (14):	-25.66
Chande Momentum Oscillator (20):	0.042710
Repulse (5,40,3):	1.6993
ROCnROLL:	1
TRIX (15,9):	2.1061
Courbe Coppock:	81.28

MA7:	0.124643
MA20:	0.102124
MA50:	0.077825
MA100:	0.055817
MAexp7:	0.124853
MAexp20:	0.106663
MAexp50:	0.084302
MAexp100:	0.064250
Price / MA7:	+2.85%
Price / MA20:	+25.53%
Price / MA50:	+64.73%
Price / MA100:	+129.68%
Price / MAexp7:	+2.68%
Price / MAexp20:	+20.19%
Price / MAexp50:	+52.07%
Price / MAexp100:	+99.53%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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